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- Legal Name: Facebook, Inc.
- Website: facebook.com
- Founded: 2004
- Founder(s): Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes
- Wikipedia: wikipedia.org/wiki/Facebook,_Inc
- Stock Symbol: NASDAQ: FB
- Industry: Social Media
What is Facebook?
Facebook is an American company that offers social networking services. It was founded by Mark Zuckerberg, his college roommates, and fellow Harvard University students in 2004. Zuckerberg, designed the social network for Harvard students only, then decided to expand it to other colleges in the Ivy League, and eventually for most universities in the U.S.A and Canada. 2 years later after its release, Facebook became available for everyone that owns a valid email address with an age requirement of being at least 13.
Facebook became incredibly popular in its early years. During its first year, the entrepreneur Sean Parker, who was advising Zuckerberg about the social network, became the president of the company and decided to move its headquarters to Palo Alto, California. A year later, the company decided to drop the “the” from its name and purchased its initial domain name for $200,000. At the end of 2005, Facebook had around 6 million registered users around the world.
In 2007, over 100,000 businesses had their own business pages on the social network to attract potential customers. In 2011, Facebook managed to be the largest online photo host, while its 350 million users accessed the service through their mobile devices which account for 33% of all Facebook traffic.
As the world’s biggest social network, Facebook made some very important acquisitions too. During its early years, Facebook acquired FriendFeed. In 2012, Facebook acquired Instagram for $1 billion. Two years later, Facebook announced the acquisition of the instant messaging application, WhatsApp for $19 billion.
Facebook News
Facebook to pay $725 million to settle legal dispute
Meta Platforms to pay $725 million to settle the legal dispute that has been going on since 2018 regarding privacy ...
Meta fined $275.5 million due to Facebook data scraping incident
The Data Protection Commission has announced the conclusion to an inquiry into Meta, imposing a fine of €265 million and ...
Meta announced hyper-scale data center in Texas
Meta, Facebook's parent company, announced that it is investing $800 million in a hyper-scale data center in Temple, Texas. Meta's ...
Facebook blocking Russian accounts in Ukraine
Facebook's parent company, Meta announced that the company is restricting Russian state-media organizations' accounts in Ukraine to prevent misinformation. The ...
Facebook, Instagram, and Whatsapp goes down
The social media giant, Facebook is facing serious technical issues. Facebook, Instagram, and Whatsapp went down on the 4th of ...
GoDaddy to integrate dashboard with Facebook + Instagram ad
GoDaddy integrated Facebook and Instagram ad builder directly into its websites + marketing and digital marketing suite dashboards to help ...
UC Santa Barbara researches into data center efficiency, donating by Facebook
Facebook will provide a three-year, $1.5 million grant in support of UC Santa Barbara’s Institute for Energy Efficiency (IEE) pioneering ...
WhatsApp will share users’ data with Facebook
As part of the Facebook Companies, WhatsApp is forcing its users outside of the EU to agree to share their ...
Third party browser extensions infected Instagram, Facebook, Vimeo and others
Threat Intelligence researchers from Avast have identified malware hidden in at least 28 third party Google Chrome and Microsoft Edge ...
Facebook expands the Newton Data Center
Facebook announced the expansion of its Newton County Data Center and boost its total investment at the facility by $250 ...
Facebook announces an advisory web page to list security issues in WhatsApp
Popular messaging application WhatsApp completed the rollout of end-to-end encryption utilizing the Signal Protocol designed by Open Whisper Systems 4 ...
7 most unusual Data Centers
Nowadays, most companies are working on their data center projects to make them cost-effective. Thus, most data centers look similar ...
Facebook to join the Linux Foundation as highest level
Facebook has been the lead contributor of many Linux Foundation-hosted projects, such as Presto, GraphQL, Osquery and ONNX. Now, Facebook ...
Facebook announces $800M data center
Facebook announced that its newest data center, the Gallatin Data Center will be a part of the global infrastructure. The ...
Facebook to build its next data center in Illinois
Facebook announced that the company's new data center will be located in DeKalb, Illinois. According to the announcement, the new ...
Facebook announced ninth building in Prineville
Facebook opened its first corporate data center in Prineville in 2011 and continues to expand. Now, the company announced the ...
Facebook and NTU start pilot education for data centers
Facebook and Nanyang Technological University Singapore (NTU) collaborated for developing local talent in the data center sector in Singapore which ...
Facebook’s Messenger Rooms is available
Facebook recently announced Messenger Rooms for video conferencing. Facebook's new service is now available for everyone and allows users to ...
Facebook launched Messenger Rooms
According to Facebook's announcement, the company's new service, Messenger Rooms make it easy to spend quality time with friends, loved ...
Facebook bought over 500 COVID-19 related domain names
Facebook accused of spreading false information about Coronavirus and resulting disease. To prevent this, Facebook announced the registration of over ...
Facebook suspends construction on Clonee data center
Last year Facebook announced the expansion of its data center in Clonee, Ireland. But in early March 2020, Facebook decided ...
What are the latest news on Facebook?
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